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    ADBE   US00724F1012

ADOBE INC.

(ADBE)
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Adobe : Appoints Dan Durn Chief Financial Officer (Form 8-K)

10/01/2021 | 08:52am EST
Adobe Appoints Dan Durn Chief Financial Officer
SAN JOSE, Calif. - October 1, 2021 -Adobe (Nasdaq:ADBE) today announced the appointment of Dan Durn as executive vice president and chief financial officer (CFO), effective October 18, 2021. Durn will assume the CFO role from Adobe executive vice president and CFO John Murphy, who announced his retirement earlier this year. Durn will report to Adobe president and CEO Shantanu Narayen and will oversee Adobe's Accounting, Business Operations and Pricing, Financial Planning and Analysis, Financial Reporting, Investor Relations, Internal Audit, Payroll, Procurement, SEC Reporting, Tax, and Treasury functions.
Durn joins Adobe from Applied Materials, where he has been CFO since 2017. He has extensive expertise in global strategy, financial planning and operations, and mergers and acquisitions, and decades of experience in the technology industry. Durn was previously executive vice president and CFO at NXP Semiconductors N.V. following its merger with Freescale Semiconductor. Before Freescale, Durn was CFO and executive vice president of finance and administration at GlobalFoundries, and served as managing director, head of mergers and acquisitions and strategy at Mubadala Technology Fund. Prior to that, Durn was vice president of mergers and acquisitions in the technology practice at Goldman Sachs & Company.
Durn received his M.B.A. in Finance from Columbia Business School and graduated from the U.S. Naval Academy with a B.S. in Control Systems Engineering. He served in the Navy for six years, reaching the rank of lieutenant.
"We're excited to have Dan Durn join Adobe as Executive Vice President and CFO," said Shantanu Narayen, president and CEO, Adobe. "Dan has decades of experience in the technology industry and his extensive expertise in finance, operations and global strategy make him the ideal choice to drive Adobe's continued growth and profitability." Narayen added: "I'd like to thank John Murphy for his many contributions to Adobe's success and wish him well in his retirement."

About Adobe
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.
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©2021 Adobe. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe (or one of its subsidiaries) in the United States and/or other countries. All other trademarks are the property of their respective owners.


Disclaimer

Adobe Inc. published this content on 01 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2021 12:51:06 UTC.


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Financials (USD)
Sales 2021 15 758 M - -
Net income 2021 4 797 M - -
Net cash 2021 2 697 M - -
P/E ratio 2021 61,8x
Yield 2021 -
Capitalization 293 B 293 B -
EV / Sales 2021 18,4x
EV / Sales 2022 15,8x
Nbr of Employees 22 516
Free-Float 79,1%
Chart ADOBE INC.
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Adobe Inc. Technical Analysis Chart | ADBE | US00724F1012 | MarketScreener
Technical analysis trends ADOBE INC.
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 31
Last Close Price 616,53 $
Average target price 716,59 $
Spread / Average Target 16,2%
EPS Revisions
Managers and Directors
Shantanu Narayen Chairman, President & Chief Executive Officer
Daniel J. Durn Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
Mark S. Garfield Chief Accounting & Administration Officer
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